10 Things to Know About Cyber Risks in Public Entities

The per capita cost of a data breach to the public sector is $172 per record, according to the “2014 Cost of Data Breach Study: United States” — Ponemon Institute

Public sector companies have the highest estimated probability of having a data breach, which could be attributed to the amount of confidential and sensitive information they collect and store. — Ponemon

The average annualized cost of cybercrime to the public sector was $8.5 million in 2014, according to the “2014 Cost of Cyber Crime: United States” research report. — Ponemon

More than 94 million records containing personally identifiable information were exposed by breach incidents in government agencies between January 2009 and May 2012. — Rapid7

A 2014 survey of public risk managers and other public officials found that only 40 percent of the 236 survey participants said their public entity has purchased a cyber liability policy. 25 percent of all survey respondents were unsure if their public entity has cyber insurance protection. — Travelers Public Sector Services

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